The city saw the establishment of 12,260 new firms in the period with total registered capital of US$7.78 billion, down 10% in number but up 9% in capital compared to the same period last year. Meanwhile, 1,261 firms dissolved during the period, 7,075 others suspended operation and 3,669 resumed production and business. Hanoi continues to perform fairly in enhancing local competitiveness and administrative reform. It came in at second place in the 2019 Public Administration Reform Index (PAR Index) for the third year in a row with 84.64%. The capital city gained 68.8 points in the 2019 Provincial Competitiveness Index, 3.4 points more than previous year, to rank the 9th for the second straight year. Speaking at the meeting, Chairman of the committee Nguyen Duc Chung said local authorities have made concerted efforts to carry out the double task of epidemic prevention and economic development. Hanoi has gone through 43 consecutive days without any new … [Read more...] about Hanoi attracts US$1.56 billion in FDI in five months
Tax percentage on capital gains
VSN reported net revenue exceeded VND1.45 trillion (US$62.4 million) in Q1, up 21 per cent year-on-year. Post-tax profit reached VND46.5 billion, up 19 per cent against last year. Revenue from fresh meat accounted for nearly VND669 billion, up 20 per cent and revenue from processed food accounted for nearly VND742 billion, up 22 per cent. … [Read more...] about Shares of husbandry companies soar on rising profits
However, to create favourable conditions to lure new investment capital inflows, insiders said that it will be necessary to resume international flights. Europe has joined the groups of economies calling for Vietnam to resume international flights, with the country controlling and preventing the spread of the coronavirus which is currently ravaging the entire globe. Vietnam’s reputation as an attractive destination for foreign investors planning to diversify supply chains is being boosted thanks to the good showing it gave over the past months. … [Read more...] about New large-scale ventures promise more to follow
HÀ NỘI — The project of urban railway No 3’s section, connecting Hà Nội Station to Hoàng Mai District, and the project of urban railway No 5 linking Văn Cao – Ngọc Khánh and Hoà Lạc have been approved for implementation by Hà Nội authorities. … [Read more...] about Hà Nội approves projects of urban railway No 3 and 5
CanAm has 30 years of experience exclusively promoting and administering private and government immigration-linked investment funds, with a known track record in assisting with immigration. CanAm leads the EB-5 industry in capital repaid to investors, having raised nearly US $3 billion of EB-5 capital for 60 projects. By the end of 2020, US $1.7 billion in EB-5 capital from 3,400 investor-families will have repaid by CanAm's 45 EB-5 projects. Over 2,300 investor families achieved their permanent resident status in the U.S. through CanAm's EB-5 projects (7,200+ permanent green card issued to CanAm's Investors and their families). … [Read more...] about CanAm: More Hong Kong residents favoring EB-5 visa to immigrate to the U.S.